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Stock Market & Financial Investment News

News Breaks
May 5, 2014
10:39 EDTAR, SIL, MEMP, TOT, ZMHHigh option volume stocks: ZMH MEMP AR TOT SIL
News For ZMH;MEMP;AR;TOT;SIL From The Last 14 Days
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February 27, 2015
05:32 EDTMEMPMemorial Production downgraded to Underperform from Perform at Oppenheimer
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February 26, 2015
09:10 EDTARAntero Resources shares likely to outperform today, says SunTrust
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February 25, 2015
16:15 EDTARAntero Resources reports Q4 EPS 30c, consensus 28c
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15:05 EDTARNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include salesforce.com (CRM), consensus 14c... Avago Technologies (AVGO), consensus $1.94... L Brands (LB), consensus $1.80... Workday (WDAY), consensus (6c)... BioMarin (BMRN), consensus (59c)... Concho Resources (CXO), consensus 84c... Antero Resources (AR), consensus 28c... Medivation (MDVN), consensus $1.34... Transocean (RIG), consensus 77c... Sprouts Farmers Market (SFM), consensus 9c... SINA Corporation (SINA), consensus 18c.
13:56 EDTTOTSaudi Arabia aims to become second-largest refined oil exporter, WSJ says
Saudi Arabia's oil minister Ali al-Naimi said Wednesday it plans to become the world's second-largest refined oil product exporter by 2017, reports the Wall Street Journal, citing statements given at a conference. Two new refineries in Saudi Arabia will add 800,000 BPD this year, and a planned 2017 refinery in Jazan will bring the kingdom's total capacity to over 3M BPD. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:45 EDTTOTSaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:11 EDTMEMPMemorial Production reports Q4 EPS $1.88, not comparable to consensus 30c
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06:10 EDTMEMPMemorial Production sees FY15 CapEx $190M-$220M
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06:10 EDTMEMPMemorial Production sees FY15 total net average daily production 249-265 MMcfe/d
Sees FY15 oil average daily production 10.3-11 MBbls/d. Sees FY15 NGLs average daily production of 8.5-9. MBbls/d. Sees FY15 natural gas average daily production of 136-145 MMcf/d.
06:10 EDTMEMPMemorial Production reports Q4 average daily production up 9% to 227.8 MMcfe
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February 24, 2015
10:00 EDTMEMPOn The Fly: Analyst Upgrade Summary
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06:26 EDTMEMPMemorial Production acquires oil and gas properties
Memorial Production announced that it has consummated a transaction with Memorial Resource Development Corp. whereby MRD exchanged its East Texas and non-core Louisiana properties for all of MEMP's interests in the Terryville Field in North Louisiana and cash consideration of approximately $78M, subject to customary purchase price adjustments. Terms of the transaction were approved by the board of the general partner of MEMP and by the board's conflicts committee, which was comprised entirely of independent directors. The transaction closed on February 23, 2015 and has an effective date of January 1, 2015. MRD will receive, in addition to the cash consideration, all of MEMP's position in the Terryville Field in North Louisiana, which includes interests in 5.1 net wells. Total proved reserves are estimated to be approximately 20 Bcfe and estimated December 2014 net production was approximately 5 MMcfe/d. In exchange, MEMP will receive properties primarily located in the Joaquin Field in Shelby and Panola counties in East Texas. The acquired properties consist of 165.3 net wells in East Texas and West Louisiana. MEMP will operate approximately 71% of the acquired producing wells. The transaction is expected to be immediately accretive to distributable cash flow and net asset value, estimated net proved reserves of 267 Bcfe, estimated December net production of 27 MMcfe/d, and proved reserve to production ratio of 27 years.
06:01 EDTMEMPMemorial Production upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Memorial Production Partners to Overweight saying the company's distribution looks sustainable. The firm raised its price target for shares to $18 from $16.
February 23, 2015
13:45 EDTTOTOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
09:59 EDTTOTOn The Fly: Analyst Upgrade Summary
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08:01 EDTTOTTotal upgraded to Outperform from Sector Perform at Howard Weil
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February 22, 2015
11:59 EDTTOTUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 19, 2015
06:58 EDTTOTU.S. oil prices tumble after inventory data released, Reuters says
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February 17, 2015
06:58 EDTTOTBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
February 16, 2015
06:51 EDTTOTTotal downgraded to Neutral from Outperform at Credit Suisse
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